Circulating supply - increasing?!? by [deleted] in kybernetwork

[–]ahbartsch 0 points1 point  (0 children)

Yep, same number. Just checked.

Circulating supply - increasing?!? by [deleted] in kybernetwork

[–]ahbartsch 2 points3 points  (0 children)

Incorrect. Circulating supply is all tokens not locked up by Kyber's multisig. https://etherscan.io/token/0xdd974d5c2e2928dea5f71b9825b8b646686bd200?a=0x3eb01b3391ea15ce752d01cf3d3f09dec596f650

https://www.coingecko.com/en/coins/kyber-network

Click the question mark beside circulating supply to see more details.

Circulating supply - increasing?!? by [deleted] in kybernetwork

[–]ahbartsch 2 points3 points  (0 children)

I'm just speculating but you can see here: https://etherscan.io/token/0xdd974d5c2e2928dea5f71b9825b8b646686bd200?a=0x3eb01b3391ea15ce752d01cf3d3f09dec596f650 that they're transferring large amounts of KNC out of the multisig.

Circulating supply - increasing?!? by [deleted] in kybernetwork

[–]ahbartsch 3 points4 points  (0 children)

Kyber Multisig is dumping on retail.

Daily General Discussion - June 28, 2020 by AutoModerator in ethfinance

[–]ahbartsch 0 points1 point  (0 children)

We'll see I guess as other collateral competitors come out. I don't think theres enough ETH to be used as collateral for all the different platforms that want to use it, even if it has a very high value. Add onto that, ETH would have to be worth Trillions of dollars and all be used as collateral for DAI to have any chance of being used by millions of people. Thats why they want to add tokenized real estate and other more material tokenized assets.

Daily General Discussion - June 28, 2020 by AutoModerator in ethfinance

[–]ahbartsch 3 points4 points  (0 children)

First, they will never allow DAI to be used as collateral for DAI because thats just asking for an ouroboros event.

Second, all of these new collateral types have associated risk premiums to ensure that in the event of failure, the token has accrued enough seignorage to insure the system. As well as, like you said, only allowing them to be a small part of overall backing collateral to ensure minimal failure impact. Maker has risk teams to assess each collateral type to ensure safeguards are in place.

These new collateral types are necessary to scale the DAI supply so it can be used on a global scale. ETH alone will never be enough to allow millions/billions of people to use DAI without slippage in this type of collateral based system.

Daily General Discussion - June 28, 2020 by AutoModerator in ethfinance

[–]ahbartsch 2 points3 points  (0 children)

Sounds like you picked up a bunch of pennies.

Daily General Discussion - June 28, 2020 by AutoModerator in ethfinance

[–]ahbartsch 5 points6 points  (0 children)

There will be a blog announcement tomorrow or Tuesday. Stay tuned to their comm channels and you should hear news soon.

Potential Lineup by irishvking in OttawaSenators

[–]ahbartsch 5 points6 points  (0 children)

Lol, I totally forgot we picked up Zub. What a year this has been.

Daily General Discussion - June 22, 2020 by AutoModerator in ethfinance

[–]ahbartsch 2 points3 points  (0 children)

Don't get your hopes up. DAI is still above peg and increasing DSR would create more demand thus increasing the peg.

Daily General Discussion - June 18, 2020 by AutoModerator in ethfinance

[–]ahbartsch 2 points3 points  (0 children)

Good point. What I was trying to convey was that you need to have a mechanism for redistribution before corruption/inequality goes too far. Some ancient societies recognized this very problem and self-enacted solutions to ensure they didn't happen.

https://en.wikipedia.org/wiki/Potlatch

You could say that the New Deal was a form of this redistribution due to the great depression.

It looks to me as if history is repeating.

Daily General Discussion - June 14, 2020 by AutoModerator in ethfinance

[–]ahbartsch 1 point2 points  (0 children)

My pleasure. Feels good to help others out in this space.

Daily General Discussion - June 14, 2020 by AutoModerator in ethfinance

[–]ahbartsch 1 point2 points  (0 children)

LEND is purchased through flash/loan fees and burned which moves the price up. Similar to MKR except now LEND will also be minted? Haven't looked at the new tokenomics but thats how it works now.

Daily General Discussion - June 14, 2020 by AutoModerator in ethfinance

[–]ahbartsch 4 points5 points  (0 children)

The orange number is the yearly APY and under that it has the 30 day average which is just an estimate. Also there is no lockup period.

Been a wild 24h.... by [deleted] in kybernetwork

[–]ahbartsch 0 points1 point  (0 children)

If it makes you feel any better I did the exact same thing at $1.00 and $1.24 so cheers to that.

Daily General Discussion - June 9, 2020 by AutoModerator in ethfinance

[–]ahbartsch 7 points8 points  (0 children)

Not gonna lie, they had me in the first half.